Harikanta Overseas IPO is a book-built issue with a total size of ₹25.63 crore. The entire issue consists of a fresh issue of 0.27 crore shares of ₹25.63 crore, aiming to raise funds for the company’s business needs. The IPO opens for subscription on May 20, 2026, and will close on May 22, 2026.
The basis of allotment is expected to be finalised on May 25, 2026, and the shares are likely to be listed on BSE SME on May 27, 2026. The price band for the issue is set between ₹91 and ₹96 per share, offering investors an entry at different levels.
The minimum application size is 2,400 shares, making the minimum investment for retail investors ₹2,30,400 at the upper band. For HNI investors, the minimum lot size is 3 lots, equivalent to 3,600 shares, amounting to ₹3,45,600.
Interactive Financial Services Limited is acting as the book running lead manager, while Bigshare Services Private Limited has been appointed as the registrar to the issue. Aftertrade Broking Private Limited is serving as the market maker for this IPO.
Harikanta Overseas IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be used for capital expenditure for factory premises.
- Investment will go into Capital Expenditure for purchase of machineries.
- Part of the proceeds will meet working capital needs.
- Remaining funds will be used for general corporate purposes.
About Harikanta Overseas Limited
Harikanta Overseas is engaged in the manufacturing of synthetic textile fabrics. The company’s product range includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen fabrics, and natural fibre-based materials. Its primary focus is on fabrics used in women’s apparel, particularly sarees, dress materials, and kurtas, while it also supplies fabrics for men’s kurtas. A significant portion of its products is utilised in saree manufacturing across different categories.
To cater to overseas demand, the company established a manufacturing facility in Surat, Gujarat. During its initial years, Harikanta Overseas marketed its products through merchant exporters. Over time, supported by growing expertise and increasing international demand, the company gradually expanded into direct exports and strengthened its presence in the textile export segment. Initially, the company supplied products to Cambodia along with serving the domestic Surat market.
Subsequently, its export operations expanded to markets including Bahrain, Singapore, and Thailand. Within India, the company widened its domestic presence across several regions such as Delhi, Bangalore, Karnataka, Maharashtra, Uttar Pradesh, Punjab, and Rajasthan. Currently, the company serves both domestic and international markets.
In periods of higher production requirements and dispatch commitments, the company also utilises third-party job workers and procures finished goods from external agencies. These products are further processed at its facility, where finishing, packaging, and quality inspections are carried out before delivery to customers. As of February 28, 2026, the company had 111 employees on its payroll.
How To Apply for the Harikanta Overseas IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Harikanta Overseas IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Harikanta Overseas IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Harikanta Overseas Limited
Registered office: 28, Sairam Ind Estate Bamroli, Surat, Gujarat, 394107
Phone:+919898682560
E-mail: info@harikantaoverseas.com
Harikanta Overseas IPO Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| QIB Shares Offered | 54,000 | 2.13% | 2.02% |
| NII (HNI) Shares Offered | 1,240,800 | 48.94% | 46.47% |
| − bNII > ₹10L | 826,800 | 30.97% | |
| − sNII < ₹10L | 414,000 | 15.51% | |
| Retail Shares Offered | 1,240,800 | 48.94% | 46.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 134,400 | 5.03% | |
| Total Shares Offered | 2,670,000 | ||
Harikanta Overseas IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9,600 | ₹9,21,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,36,800 |
Harikanta Overseas IPO Promoter Holding
The promoters of the company include Hardik Gotawala, Abhishek Gotawala, and Nilesh Gotawala
| Share Holding Pre-Issue | 96.87% |
| Share Holding Post Issue | 70.66% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Harikanta Overseas IPO
| KPI | 30-Nov-25 | 31-Mar-25 |
| ROE | 31.15% | 56.72% |
| ROCE | 31.99% | 37.56% |
| Debt/Equity | 0.15 | 0.24 |
| RoNW | 27.10% | 32.41% |
| PAT Margin | 19.50% | 12.70% |
| EBITDA Margin | 27.97% | 18.92% |
| Price to Book Value | 3.68 | 5.01 |
Harikanta Overseas IPO Registrar and Lead Managers
Harikanta Overseas IPO Lead Managers
- Interactive Financial Services Limited
Registrar for Harikanta Overseas IPO
Bigshare Services Private Limited
- Contact Number: +91-22-6263 8200
- Email Address: ipo@bigshareonline.com
Financial Performance of Harikanta Overseas Limited
| Particulars | 30-Nov-25 | Mar-25 |
| Revenue from Operations (₹ lakh) | 2,608.41 | 3,517.30 |
| Total Income (₹ lakh) | 2,628.20 | 3,550.41 |
| EBITDA (₹ lakh) | 735.23 | 671.68 |
| EBITDA Margin (%) | 27.97% | 18.92% |
| Profit After Tax (₹ lakh) | 508.58 | 446.8 |
| Current Ratio | 1.97 | 1.94 |
| Debt Equity Ratio | 0.15 | 0.24 |
Harikanta Overseas Limited Peer Comparison
| Company Name | EPS | RoNW (%) | NAV Per Share | Face Value | Revenue from Operations (₹ lakh) | Total Income (₹ lakh) |
| Harikanta Overseas Limited | 9.84 | 33 | 19.13 | 10 | 3,517.30 | 3,546.57 |
| Betex India Limited | 13.03 | 5.73 | 227.34 | 10 | 9,637.99 | 9,714.55 |
| Swasti Vinayaka Synthetics Limited | 0.27 | 10.54 | 2.55 | 1 | 3,838.06 | 3,855.83 |
Strengths and Opportunities of Harikanta Overseas Limited
- Focus on quality fabric manufacturing supports customer retention and strengthens market positioning.
- Efficient production processes enable timely order execution and consistent product quality across manufacturing stages.
- Capability to provide customised fabric solutions helps address varied customer requirements and changing market demand.
- Flexible production systems support both large-volume orders and specialised smaller batches efficiently.
- Presence in international markets such as Thailand, Bahrain, Singapore, and Cambodia strengthens export diversification.
- Broad product portfolio includes Ikat fabrics, polyester fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fibre fabrics.
- Expansion into nylon fabrics is expected to diversify the product range and widen market opportunities.
- Manufacturing facility in Surat provides access to raw materials, textile infrastructure, logistics connectivity, and skilled labour.
Risks and Threats of Harikanta Overseas Limited
- The market price of the company’s equity shares may remain volatile after listing due to fluctuations in capital markets and investor sentiment.
- There is no assurance that an active trading market for the equity shares will develop or sustain after the public issue.
- Changes in the company’s financial performance or operational results could negatively impact investor confidence and share price performance.
- Competitive pressure from other textile and fabric manufacturers may affect market share, pricing power, and profitability.
- Adverse media coverage or negative publicity related to the company or industry could impact business operations and market perception.
- Changes in analyst estimates, investment recommendations, or market outlook may influence the valuation and trading price of the equity shares.
- Economic developments in India and global markets, including inflation, interest rates, and fiscal policies, could affect business growth and demand conditions.
- Changes in environmental regulations, trade policies, or international political and social conditions may increase operating costs and impact export-related operations.
